Teacher Retirement System of Texas Buys 430,837 Shares of Amphenol Co. (NYSE:APH)

Teacher Retirement System of Texas grew its position in Amphenol Co. (NYSE:APH) by 56.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,187,588 shares of the electronics maker’s stock after buying an additional 430,837 shares during the quarter. Teacher Retirement System of Texas’ holdings in Amphenol were worth $82,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of APH. Swedbank AB boosted its holdings in Amphenol by 38.5% during the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after acquiring an additional 1,000,000 shares during the period. Caprock Group LLC grew its holdings in Amphenol by 3.4% in the 3rd quarter. Caprock Group LLC now owns 30,884 shares of the electronics maker’s stock valued at $2,018,000 after buying an additional 1,013 shares during the last quarter. Meeder Asset Management Inc. increased its position in Amphenol by 31.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,113 shares of the electronics maker’s stock worth $73,000 after buying an additional 265 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Amphenol by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,243,376 shares of the electronics maker’s stock worth $81,018,000 after buying an additional 7,521 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Amphenol in the third quarter valued at approximately $4,573,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 5.8 %

Shares of APH stock opened at $67.53 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $81.79 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.92 and a beta of 1.25. Amphenol Co. has a 12-month low of $54.72 and a 12-month high of $79.39. The firm has a 50-day moving average price of $68.19 and a 200 day moving average price of $68.50.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. Research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is currently 34.55%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.